So here’s a question. As a homeowner do you think that it’s OK to overprice your house to sell when you list? You think that you can sacrifice a lot in the beginning because you have time to sell. And while you can surely lower an inflated price later. A property that remains on the market for months can prevent you from moving in your dream home. You lose lots of time and money when you do not price your house right from the start. On top of this, it looks worse: to continually keep lowering the price which could turn off potential buyers who probably begin questioning simply what’s wrong with your home. Buyers are smart and educated,” and now one of the most important parts. You’re possibly going to lose them.
House Pricing Traps
It’s plain easy for homeowners to stumble into two general traps: inflating actual value with sentimental value — how much you assume your home’s worth since you lived there and admired the time you spent there. Assuming renovations will outcome in a “dollar for dollar” increase in the selling price — or more. A lot of homeowners think, “My home is worth a bazillion dollars,’” Normally owners will over estimate the upgrade’s impact on the home’s value in tens of thousands even if they put in only a few thousand dollars worth of flooring.
Another culprit for plenty of a mis-priced homes are the online tools. Plain and simple those estimates are wildly inaccurate. Nick & Cindy Davis have compared actual sold prices with predicted online estimates for several hundred homes in the region for the past few years and concluded the predictions failed time half. The best thing to do is consult us we will use comparable (comps) to determine the appropriate listing price. When we do this we are seeking out “near identical” homes with nearly the same square footage (normally + or – 10%), plans and amenities that sold in the last few months . We will not be looking at the neighboring communities unless there have been no sales in your neighborhood. We can determine an estimate of what you can expect to receive for your home, once we’ve had a chance to see how your home compares with the most recently sold homes.
For instance, in the event a “three bedroom” ranch style home with granite counter-tops and a pool down the block sold for $377,000. We will work with you to determine a fair price that’ll entice buyers, right after crunching the numbers and evaluating how your home compares to the most recent sold homes. It is listing your home carefully — not idealistically — which is a sure means to avoid the aches and pains of a long, “drawn out” listing that merely won’t sell, the number may be less than you hope and expect. Understanding When the Price is Too High and your house goes active in MLS, you’ll begin accumulating another set of facts that will serve as the final price test: how buyers react.
There’s a simple technique to tell when you’ve priced too high: In the event we have gotten no showings after being on the market for 7-10 days. Or if we have a ton of showings and no offer. This 
means we’ve marketed the home well — but it’s overpriced once individuals get inside. The other thing that we have seen too many times is a seller or agent say let’s list the house at $374,900, or even better $374,999.
What this really does is eliminate your house from coming up in searches. Think about when you were searching to buy your house. Did you go to a real estate search engine and search for homes up to $374,900? No if you were qualified to purchase to $375,000 then that’s what you searched for. If you priced your home at $374,900 the house would come up in the search to $375,000. But now here is the thing that no one thinks about. How many of you when searching for your house and knew what you were qualified to purchase, then searched for say $375,000-$400,000. Well if you are priced at $374,900 or $374,999 and a buyer is searching from $375,000- to any number imaginable. Your house will NOT come up in the results at ALL.
It is a far better approach to price your house on one of the $25,000 increments if possible based on the estimated value. Forget the “Old School” marketing ideas. We have to market your house with the Internet in mind and lastly. We have never, ever had a single buyer who came to us with a pre-approval letter that they were qualified for a purchase price of $374,999.
We are offering you a free house valuation for your home here in the Tampa Bay and Surrounding areas. We always say that we will sell your home and make you “Homeless” in a good way! If you are ready to sell, not just list your house, you can always reach us at 813-300-7116 or simply fill out this short questionnaire and we will be in touch with you to schedule a time that we can come and sit down with you and go over how we can sell your house for you too.